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FEDERAL RESERVE BANK OF NEW YORK New York 4-5, N.Y April 16, 194-8. Honorable Marriner S. Eccles, Member, Executive Committee of the Federal Open Market Committee, Board of Governors of the Federal Reserve System, Washington 25, D. C. Dear Mr. Eccles: I enclose copy of a report reviewing recent developments in the relationship of Federal Reserve Bank of New York with dealers in United States Government securities, which was prepared at this Bam: in accordance with the request made by the executive committee of the Federal Open Market Committee at its meeting February 26, 194-8. Very &suly yours, Robert G. Rouse, Manager, System Open Market Committee icroRY Enclosure !JUY I NITED ! TATES WAR BONDS
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